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TTM Priced Secondary Offering of Common Stock by Selling Stockholder
November 18, 2016 | Globe NewswireEstimated reading time: 1 minute
TTM Technologies has priced an underwritten registered public secondary offering of 12 million shares of its common stock by its largest stockholder, Su Sih (BVI) Ltd. (selling stockholder), at $11.50 per share, pursuant to TTM’s shelf registration statement filed with the Securities and Exchange Commission. The selling stockholder will receive all of the proceeds from the offering. The underwriters have a 30-day option to purchase up to an additional 1,800,000 shares of common stock from the Selling Stockholder. The offering is expected to close on November 22, 2016. No shares of common stock are being sold by TTM in the offering.
J.P. Morgan Securities LLC acted as sole book-running manager in the offering. Needham & Company, LLC and Stifel, Nicolaus & Company, Incorporated acted as co-managers in the offering. The offering of these securities is being made by means of a prospectus supplement and the accompanying prospectus only, copies of which may be obtained from J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717 or by calling toll-free 1-866-803-9204.
This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About TTM
TTM Technologies, Inc. is a major global printed circuit board manufacturer, focusing on quick-turn and technologically advanced PCBs, backplane assemblies and electro-mechanical solutions. TTM stands for time-to-market, representing how TTM's time-critical, one-stop manufacturing services enable customers to shorten the time required to develop new products and bring them to market.
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